Asset Management Companies

8/2/2019 Asset Management Companies

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Asset Management Companies

ABL Asset Management Company Limited AKD Investment Management Company Limited Al Meezan Investment Management Company Limited Alfalah GHP Investment Management Company Limited Arif Habib Investments Limited (A Subsidiary of MCB Bank Limited) Askari Investments Management Limited Atlas Asset Management Limited BMA Asset Management Company Limited Dawood Capital Management Limited Faysal Asset Management Limited First Capital Investments Limited Habib Asset management Limited HBL Asset Management Limited IGI Funds Limited JS Investments Limited Lakson Investments Limited Magnus Investments Advisors Limited National Asset Management Company Limited National Investment Trust Limited NBP Fullerton Asset Management Limited Pak Oman Asset Management Company Limited PICIC Asset Management Company Limited Safeway Funds Limited UBL Funds Manager Limited

Mutual Funds offered by each Asset Management Company (AMC) and their

characteristics

ABL Asset Management Company Limited

o ABL Income FundsABL Income Fund (ABL-IF) is an open end, fixed income fund with no direct

exposure to the stock market. The objective of ABL Income Fund is to earn a

superior risk adjusted rate of return by investing in a blend of short, medium, and

long-term instruments, both within and outside Pakistan.


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Salient Features:

Minimum investment in Mutual Fund starts from Rs. 5,000/- for Growth Unitsand Rs. 500,000/- for Income Units. Further re-investments can be made from as

little as Rs.1,000/- only.

No lock in period - Ease of withdrawing money anytime Exemption from Zakat on submission of relevant Affidavit. Benchmark: 6 Month KIBOR Financial facts from financial statement of June 30, 2011 are reported here in

Rupees

Net Assets Rs. 4,878,536

Net income 639,266

Net Asset Value 10.0195

Capital growth 0.51%

o ABL Stock FundsABL Stock Fund (ABL-SF) is an open end equity fund. ABL-Stock Fund aims to

provide higher risk adjusted returns to the investors by investing in diversified

portfolio of equity instruments offering capital gains and dividends.

Salient Features:

Minimum investment in ABL Stock Fund starts from as little as Rs. 5,000/- The fund units can be cashed anytime Tax is Exempted (as per Current Tax Law) You can benefit from a tax credit of up to Rs.100,000/- for salaried individuals (as

per Current Tax Law)

It is suitable for investors with a long term horizon Benchmark: KSE-30 Index Financial facts from financial statement of June 30, 2011 are reported here in

Rupees


Net Income 139,930,894Net Assets Value 10.048

Capital Growth -0.12%


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o ABL Cash FundsABL Cash Fund (ABL-CF) is an open end, money market fund with no direct or indirect

exposure to shares, TFCs and long term debt instruments.

Salient Features:

For Growth Units the Minimum Investment is Rs.5,000/- The minimum amount for subsequent investments can start from Rs.1,000/ There is no front end and back end load There is no minimum holding period and it is redeemable at will It follows a Backward Pricing Mechanism Encashment can be done the same day otherwise the constitutive documents provide for

six working days to pay redemption proceeds

It provides tax exemption as per current tax laws Salaried investors can benefit from Tax Credit up to Rs.100,000/- of investment (as per

Current Tax Law) Benchmark: Average 3 months deposit rates of AA and above rated banks. Financial facts from financial statement of June 30, 2011 are reported here in

Rupees


Net Income 893,326

Net Assets Value 10.0188

Capital Growth 1.64%

o ABL Islamic Income FundsABL Islamic Income Fund (ABL-IIF) is a Shariah Compliant, Open End, Income Fund

which primarily invests in Sukuks, money market instruments and deposits.

Salient Features:

Minimum Investments for Growth Funds is Rs.5,000/- Subsequent Investment is Rs.1,000/- There is no Front End or Back End Load No Minimum Holding Period is required It is based on Forward Pricing Mechanism Encashment can be done with 2-6 working days Tax Exemption As per Current Tax Laws Tax Credit Up to Rs.100,000/- for salaried individuals Benchmark: Average 6 months deposit rates of 3 Islamic Banks Tax credit status to be updated (three years)


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Financial facts from financial statement of June 30, 2011 are reported here inRupees


Net Income 47,734,932


Capital Growth 1.34%

o ABL Government Securities FundsABL Government Securities Fund (ABL-GSF) is an Open-end Income Scheme

Fund. Its objective is to deliver optimal risk adjusted returns by investing mainly

in a mix of short to long term Government Securities and other debt Instruments.

It is ideal for Investors with a short and medium term investment mindset.

Key Features:

Minimum Investment starts from Rs. 5,000/ The Fund invests majorly in T-bills and other government securities Encashment can be made any time Tax efficient returns and tax credit Monthly and quarterly income plans available Access to online account statements Benchmark: 70% average 6m-PKRV & 30% average 3 Months deposit rates of

AA- & above rated bank

AKD Investment Management Company Limited

o AKD Aggressive Income FundAKDAIF is a dedicated fund that focuses primarily on fixed income securities and

instruments. The objective of AKDAIF is to offer investors a convenient vehicle

to invest in a diversified portfolio of fixed income securities/instruments that

provide consistent returns with concern for preservation of capital over the longer

term.

Financial facts from financial statement of June 30, 2011 are reported here in

Rupees

Net Assets Rs. 413,691


Net Income 35,438


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o AKD Opportunity FundAKDOF filters through the opportunity presented in the capital markets,

searching for the optimal combination of investment strategies, mainly in equities,

followed by fixed income and money market as contingent defensive strategy.


Rupees

Net Asset Rs. 458,984


Net (loss)/ Income for the year (1,474)

o AKD Index Tracker FundTo track the return of the KSE-100 index with up to 85% accuracy, providing

investors with a high quality, in depth diversification instrument.Financial facts from financial statement of June 30, 2011 are reported here in

RupeesNet Assets Rs. 190,666


Net Income/ (loss) (17,754)

o AKD Cash FundThe objective of AKD Cash Fund (AKDCF) is to provide optimum returns

consistent with minimal risk from a portfolio constituted of high quality short

term securities/instruments, which will provide liquidity.

Salient Features

Low risk: Government of Pakistan Treasury Bills, placement with commercialbanks and DFIs (term deposit receipt, certificates of investments/deposits only)

with AA or better rating, placements with NBFCs rated at least AAA

Diversification Tax benefits accrue to the fund on paying out up to 90% of profit, which will be

our policy.

Tax efficient, dividend on monthly basis Same day redemption facility (conditions shall apply) Rated AA+(f) by JCR-VIS rating agency.

Al Meezan Investment Management Company Limited

o Open end funds Meezan Islamic Fund

MIF invests in combination of income and growth stocks of Shariah

compliant companies with demonstrated track record of profitability and

stable dividend payout history.


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Salient Features of MIF

MIF reduce the risk of volatility of prices by investing your money in awell defined portfolio of securities.

Per unit research and execution costs of a fund manager are also lower dueto the large size of portfolio under management.

Our fund managers are trained investment professionals. Their knowledgeprovides you and opportunity to earn greater risk adjusted returns. Also by

investing in MIF, you pass on the job of continuous monitoring and

evaluation of investment opportunities to the Fund manager.

Investment in MIF enables you to get tax benefit upto Rs. 100,000/- incase of salaried person or upto Rs 125,000/- in case of non salaried person

on investments upto Rs. 500,000/- under applicable tax laws, if investment

is held for a period of one year.

Apart from tax benefit, MIF also provides you a healthy return on yourinvestment.

A minimum investment of Rs. 5,000 makes MIF an affordable investmentfor small investors. Subsequent investments can be made with a minimum

amount of Rs. 1,000. There is no cap on maximum amount of investment.

Financial facts from financial statement of June 30, 2011 are reported herein Rupees




Meezan Islamic Income FundMIIF meets the requirement of a large number of investors both

institutional and individual, who desire Shariah-Compliant investment

avenues but want to avoid the risk of direct exposure to the stock market.

Salient Features of MIIF

It aims at capital preservation through prudent fund management It aims at Halal and consistent stream of income which is strictly

monitored and approved by Shariah Advisors

It provides you an opportunity to start investment with minimum Rs.5,000/-and then invest at regular intervals with subsequent investment

amount as low as Rs. 1,000/- .

Its units are readily encashable throughout the year Investment in MIIF enables you to get tax benefit upto Rs. 60,000/- in

case of salaried person or upto Rs 75,000/- in case of non salaried person


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on investments upto Rs. 300,000/- under applicable tax laws, if investment

is held for a period of one year.

It provides diversification of portfolio resulting in lower risk andcompetitive return on your investment.


Net Asset Rs. 2,541,935


Net Income 309,416

Meezan Capital Protected FundsMCPF-I adheres to the Shariah guidelines laid by the Shariah Supervisory

Board of Meezan Bank, chaired by Justice (Retd) Mufti Muhammad Taqi

Usmani.

Salient Features of MCPF-I

The first ever Shariah compliant capital protected fund of Pakistan. Capital protection* upon maturity through Meezan Bank. It provides Halal and Riba-Free returns on your investment under the

supervision of Meezan Banks Shariah Supervisory Board.

Expected returns are higher than those offered by debt/income funds andbank deposits.

The term of investment is three years and six weeks from the first day ofthe IPO.

It provides tax rebate benefit upto Rs. 60,000/- on investment up toRs.300,000/-under applicable tax law.

Minimum Investment Rs.5, 000/- while there is no cap on maximumamount. Subsequent investment can be made during the open period with

a minimum of Rs. 1,000/- only.


Net Asset Rs. 723,826


Net Income 90,634

Meezan Cash FundLaunched by Al Meezan Investments, the largest Shariah compliant asset

management company in Pakistan, MCF invests in high quality

instruments with issue or entity rating of AA and above, thus seeking to

provide maximum capital preservation for your investment.


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Features

The first Shariah compliant1 Money Market Fund in Pakistan AA(f) stability rating by JCR-VIS Aims to provide maximum preservation of principal amount Readily encashable within two working days No front end and back end load2 No exposure to long-term fixed income instruments and stock market Ideal parking avenue for short-term funds Flexibility to get payment on monthly, quarterly or semi-annual basis Attractive Tax free returns3 Tax credit upto Rs. 60,000/- (for salaried person) or Rs. 75,000/- (for self

employed)




Net Income 623,075

Meezan Sovereign FundMSF primarily invests in government securities, with highest possible

rating of AAA.

Features

The first Shariah Compliant Government Securities Fund in Pakistan AA+(f) stability rating by JCR-VIS Managed by the largest Shariah compliant Asset Management Company

in Pakistan

Working under the supervision of Shariah Supervisory Board of MeezanBank, headed by eminent Shariah scholar Justice (Retd.) Mufti

Muhammad Taqi Usmani

Investment objective of providing maximum preservation of principalamount

At least 70% of investments in Shariah compliant government securities Flexibility to get your profit payment on monthly, quarterly, semi-annual

or annual basis

Stable and Attractive Tax free returns1 Tax credit upto Rs. 60,000/- (for salaried person) or Rs. 75,000/- (for self

employed)


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Net income 883,977

Meezan Capital Protected Fund II1. The only Shariah compliant Capital Protected Fund series-II of

Pakistan presented by the largest asset Management company in

Private sector currently managing assets of over Rs. 29 bn and the

Largest Islamic Bank in Pakistan.

2. Managed by the Professional Fund Management team of AlMeezan (Rated AM2 High Management Quality by JCR-VIS

Credit Rating Company)

3. Provides Halal and Riba free returns on your investment under thesupervision of Shariah Supervisory Board of Meezan Bank, headed

by eminent Shariah scholar Justice (Retd.) Mufti Muhammad Taqi

Usmani

4. Aims to ensure 100% capital protection1 upon maturity5. Minimum Investment of Rs.5,000/- only. Subsequent investment

can be made durin open period with Rs.1,000/ only

6. Duration of the Fund: Three years and six weeks.7. Tax exempted returns (under applicable Tax Laws).8. Tax credit up to Rs.75,000/- for self-employed & up to Rs.60,000

for salaried individuals

Al- Meezan Mutual FundAMMF is a Shariah Complaint open end equity fund which primarily

invests in equities. Financial facts from financial statement of June 30,

2011 are reported here in Rupees



Net Income 359,733

o Closed end Funds Meezan Balanced Funds

The investment objective of MBF is to generate long term capital

appreciation as well as current income by creating a balanced portfolio

that is invested both in high quality equity securities. Financial facts from

financial statement of June 30, 2011 are reported here in Rupees


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Net Income 226,019

Alfalah GHP Investment Management Company Limited

o Alfalah GHP Value Fund Alfalah GHP Value Fund is an open-ended mutual fund managed by

Alfalah GHP Investment Management Ltd.

The units of Alfalah GHP Value Fund are on sale daily and can bepurchased from various selected branches of Bank Alfalah Limited and

selected third party distributors.

Fund units can be purchased on each business day at the announced OfferPrice. Detailed information on Alfalah GHP Value Fund can be obtained

from its Trust Deed and Offering Document.

Financial facts from financial statement of June 30, 2011 are reported herein Rupees.



Net Income 37,311

o Alfalah GHP Income Multiplier FundAlfalah GHP Income Multiplier Fund is an open ended income fund with the

objective of seeking to generate an attractive return, consistent with prudent risk,

from a portfolio which is substantially constituted of high quality debt securities

and liquid money market instruments and placements.

An income fund is characterized by the following;

1. Seeking preservation of capital, and

2. Aiming to generate consistent positive returns in real terms (surpassing

inflation)



Net Income 9,918

o

Alfalah GHP Islamic FundThe Alfalah Islamic Fund is the first Shariah Compliant fund launched by AGIM.

AGIF is an open-ended fund that offers its investors an opportunity to invest in a

diversified portfolio of Shariah Compliant investments with the objective of

maximizing medium to long term returns for a given level of risk.


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The key benefits of investing in AGIF are as follows:

Avoidance of interest and other un-Islamic income/investment; It is an asset allocation fund. The strategy of the Fund would be to actively

manage the allocations to provide consistent returns to the investors;

Alfalah GHP already has a track record of successfully managing an assetallocation fund;

Tax free investment under Government regulations. Net Assets Rs. 327,397 Net Asset Value 56.73 Net Income 52,494

o Alfalah GHP Alpha FundAlfalah GHP Alpha Fund (AGAF) is an open end Equity Fund. The primary

investment objective of the fund is long term capital appreciation from a portfolio

that is substantially constituted of equity and equity related securities.



Net Income 14,838

o Alfalah GHP Cash FundAlfalah GHP Cash Fund is a money market fund which aims at protecting

investor capital and providing liquidity through an investment structure by placing

significant percentage of the funds in high quality and short tenor avenues such as

cash in daily deposit accounts, short dated Government securities, money marketplacements or any other SECP permissible instrument(s) that AGIM feels would

be appropriate to optimize returns. Such investments will only be with those

Financial Institutions having minimum long term investment grade rating of AA.



Net Income 129,147

Arif Habib Investments Limited (A Subsidiary of MCB Bank Limited)

o Pak Stock Market FundThe objective of the fund is to provide investors long term capital appreciation

from its investment in Pakistani equities. Financial facts from financial statement

of June 30, 2011 are reported here in Rupees



Net Income 255,955


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o Pakistan International Element Islamic Asset Allocation FundPakistan International Element Islamic Asset Allocation Fund (PIEIF) is an

Islamic open-end asset allocation fund, which seeks to achieve its objective

through investing in a portfolio of Shariah compliant investments diversified

across the capital markets of Pakistan as well as keeping a limited exposure

internationally. The fund is managed through an active management strategy with

dynamic allocations towards different asset classes. Financial facts from financial

statement of June 30, 2011 are reported here in Rupees



Net Income 60,676

o Pak Income FundPakistan Income Fund (PIF) is an open end fund, which invests in corporate

securities, Government securities; money market placements, TDRs and shortmaturity reverse repurchase transactions. The overall duration of the portfolio is

kept below 2 years, in order to keep interest rate risk at a relatively low and

manageable level. Financial facts from financial statement of June 30, 2011 are

reported here in Rupees



Net Income 216,128

o Pak Capital Market FundPakistan Capital Market Fund (A Balanced Fund) (referred to as PCM) is an openend balanced fund that invests in a range of asset classes such as equity and debt

in Pakistani market. Financial facts from financial statement of June 30, 2011 are

reported here in Rupees.




o Metro- Sovereign FundMetro-Bank Pakistan Sovereign FundPerpetual (MSF) is an open end fund,

which invests in bonds and debt securities issued by the Government of Pakistan

as well as Reverse Repurchase transactions (Reverse-REPOs) against government

securities. Financial facts from financial statement of June 30, 2011 are reported

here in Rupees

Net Assets Rs. 2,998,951,207




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o Pak Cash Management FundPakistan Cash Management Fund (PCF) is an open end Fund, which invests in

government securities, mainly Treasury Bills and short maturity reverse

repurchase transactions against Government Securities. The overall maturity of

the portfolio is kept below 90 days, in order to keep interest rate risk at a

relatively low and manageable level and provide high liquidity to investors

comparable to current bank deposits. PCF is a long only Fund. Financial facts

from financial statement of June 30, 2011 are reported here in Rupees



Net Income 313,035

o Pak Income Enhancement FundPakistan Income Enhancement Fund (An Aggressive Fixed Income Fund)

(referred to as PIEF) is an open end fund which primarily invests in debt andfixed income instruments and may also take limited exposure in structured

products. The maximum duration of the fund shall not exceed 3 years. Financial

facts from financial statement of June 30, 2011 are reported here in Rupees



Net Income 199,613

o Pak Capital Protected Fund- FISPakistan Capital Protected Fund-Fixed Income Securities (PCPF-FIS) is an open-

end Fund. Fund is invested in bank deposits with Habib Metropolitan Bank thatwill yield a future value at maturity equivalent to the initial size of the Fund (plus

fund expenses), providing 100% protection of total initial investment to the

investors.

The remaining fund is invested in fixed income securities aimed at providing

investors an opportunity to earn high return relative to bank deposits. Financial





o AH Dow Jones Safe Pak Titan 15 Index FundAH Dow Jones SAFE Pakistan Titans 15 Index Fund (AHDJPF) is an Open End

Index Tracker Fund which aims to provide investors with a total return that

closely corresponds to the return of the Dow Jones SAFE Pakistan Titans 15

Index


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Salient Features

Only Pakistani fund structured on an index by International Index Provider. Single Ticket Acquisition Small Ticket Entry

Lower Transaction Costs Optimal Liquidity High Correlation with KSE-100 (Back-tested 5-years [Aug 2005 - July 2010]) Financial facts from financial statement of June 30, 2011 are reported here in

Rupees




o Pak Strategic Allocation FundPakistan Strategic Allocation Fund (PSAF) is an open end strategic allocationfund which primarily invests in equities based on a quantitative model. The Fund

takes advantage of equity market volatility and buys equities when they are

underpriced and sells equities when they are overpriced. The fund is mostly

invested in liquid stocks. Under the NBFC Rules, it is only allowed to borrow up

to 15% of net assets for up to 90 days to meet redemption needs. Financial facts




Net Income 114,294

o Pak Premier FundPakistan Premier Fund (PPF) is a open end equity fund. The fund takes a long

term value investing approach and the portfolio is diversified across all major

sectors with stocks having long term positive fundamentals.


Rupees



Net Income 41,403

o MCB Dynamic Cash FundMCB-DCF through active management will aim to provide optimum returns for

its unit holders by investing primarily in Money Market and short term

instruments. The fund may also invest a small portion of the fund in medium to


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long term assets in order to provide higher returns to the unit holders. Financial




Net Income 591,541

o MCB Cash Management Optimizer FundMCB CMOP is purely a money market fund which shall make investments in

money market instruments with a maximum maturity of 180 days and weighted

average maturity up to 90 days. The main areas of investment would be Treasury

Bills, Cash and Near-Cash Instruments, Money market placements, Certificate of

Deposits (COD's), Certificate of Musharika (COM's), Term Deposits (TDR's),

Commercial Papers etc. Financial facts from financial statement of June 30, 2011

are reported here in Rupees

Net Assets Rs. 10,393,121Net Asset Value 100.25


o MCB Dynamic Stock FundMCB DSF invests primarily in the equities listed on the stock exchanges. The

fund may also invest in equity related, hybrid or debt securities or short to

medium term fixed income securities or low risk asset when it has a bearish view

on equity markets. Financial facts from financial statement of June 30, 2011 are


Net Assets Rs. 692,872Net Asset Value 82.71

Net Income

o MCB Dynamic Allocation FundMCB DAF shifts exposures in to debt or equity as per market conditions and

discretion of the Management Company. The fund may invest up to 100% in

equity securities or up to 100% in debt securities according to market conditions.


Rupees



Net Income 58,655


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o MCB Islamic Income FundThe Fund shall seek to provide the investors with a rate of return consistent with a

broadly diversified portfolio of long, medium, and short term, high quality Shariah

Compliant fixed income instruments. The funds shall only be invested in Shariah

compliant avenues with minimum credit rating of A+ (A Plus)


Rupees



Net Income 458,000

Askari Investments Management Limited

o Askari Sovereign Cash FundThe objective of the Fund is to provide investors a money market instrument with

high level of liquidity, stability in earning and very high level of credit. Financial


Net Assets Rs. 6,389,900,643



o Askari Islamic Income FundThe objective of the Fund is to provide investors a Shariah compliant product

with stable halal income. The fund would target on capitalizing available

opportunities in the Shariah compliant income generating instruments with the

focus on superior quality portfolio compared with average portfolio quality of

Islamic income funds in the industry and enhanced returns. Financial facts from





oAskari High Yield SchemeThe objective of the Fund is to provide investors an opportunity to make

competitive returns from fixed income securities while targeting a portfolio

duration of six months. In addition to accruing benefits from fixed income

securities, the Fund would target capitalizing on yield enhancing opportunities

available in the market using its proprietary investment efficiency tools. The Fund


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would aim to achieve top quartile performance in its category. Financial facts


Net Assets Rs. 1,731,515,674



o Askari Islamic Asset Allocation FundThe objective of the Fund is to provide investors a unique AIM Based Shariah

compliant Investment solution focused on a Total Return based philosophy.


Rupees




o Askari Asset Allocation FundTo invest in top quality companies with a view to achieve Total Returns of Risk

Free + 4% (CAGR) over a rolling period of three years using market price

volatility to advantage. Financial facts from financial statement of June 30, 2011




Net Income/(loss) (16,042,681)

Atlas Asset Management Limited

o Atlas Money Market Fund Open ended fund The investment objective of Atlas Money Market Fund is to provide its

unit-holders competitive returns from a portfolio of low risk, short

duration assets while maintaining high Liquidity.


Net Asset Rs. 3,316,615,640

Net Asset Value 516.97Net Income 283,224,157


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o Atlas Income Fund Open ended AIF aims at achieving a good rate of current income consistent with

reasonable concern for principal and to provide the investors with liquidity

and the facility to join or leave the fund at their convenience.





o Atlas Stock Market Fund Open ended- Equity ASMF aims at achieving a good rate of current income consistent with the

prospects of appreciation in the value of amount invested and to providethe facility to join or leave the fund at their convenience.





o Atlas Islamic Income Fund Open Ended Shariah Compliant Fund The Funds primary objective is to provide investors with a good and

stable rate of current income consistent with long-term preservation ofcapital in a Shariah Compliant manner.

A secondary objective is to take advantage of opportunities to realizecapital appreciation. The Fund shall seek to provide the investors with a

rate of return consistent with a broadly diversified portfolio of long,

medium and short term, high quality Islamic income instruments





o Atlas Islamic Stock Fund Open ended- Equity Islamic Fund The Fund has been formed to enable Unit Holders to participate in a

diversified portfolio of Shariah Compliant securities such as equities,


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profit bearing securities and other Shariah Compliant securities available

outside Pakistan.





o Atlas Fund of FundsThe purpose of introducing ATFF is to provide investors a one-window facility to

invest in diversified portfolio of equity securities of closed-end schemes and

open-end schemes offering consistent returns and growth. Any amounts, which

have not been invested in securities of closed-end schemes, may be invested in

authorized investments as under:

Repurchase transactions (REPOs) and reverse REPOs, including ContinuousFunding System (CFS) through the clearing house of a Stock Exchange

Money Market Instruments Deposits in banks on profit and loss (PLS) basisThe Fund will invest mainly in other closed-end funds. In selecting the closed-endfunds, the investment adviser shall follow the following three criteria.

Discount at which a closed-end fund is traded Evaluation of portfolio of the investee fund

Trading activities in shares of investee funds


Rupees




BMA Asset Management Company Limited

oBMA Chundrigar Road Savings Fund

It is an open-end Income fund that caters to the investors need forkeeping their mutual fund investments as liquid and accessible as a bank

account while generating optimum returns benchmarked to outperform 1-

month KIBOR rates.



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Net Assets 119,152,294



o BMA Empress Cash FundFinancial facts from financial statement of June 30, 2011 are reported here in

Rupees



Net Income

Dawood Capital Management Limitedo Open end

Dawood Income Fund To preserve the investors capital while providing a return greaterthan that offered by other investments

of similar risk profile through investments in a portfolio of money

market instruments.

Income Scheme Perpetual Forward pricing mechanism Financial facts from financial statement of June 30, 2011 are





Dawood Islamic Fund Islamic asset allocation Scheme Perpetual Forward pricing mechanism To provide Riba-Free Halal Munafa! to investors by investing

maximum 25% of net assets in equities, with the high percentage

of non-equity income providing stability. Financial facts from financial statement of June 30, 2011 are






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o Close end First Dawood Mutual Fund (FDMF)

Balanced Scheme Forward pricing mechanism To preserve the investors capital while providing a return greater

than that offered by other investments of similar risk profile

through investments in a mixed portfolio of money market, fixed

income and stocks.

Financial facts from financial statement of June 30, 2011 arereported here in Rupees




Faysal Asset Management Limited

o Faysal Asset Allocation FundFAAF is an open-ended asset allocation scheme managed by Faysal Asset

Management Limited. FAAF endeavors to provide investors with an opportunity

to earn long-term capital appreciation optimizing through broad mix of asset

classes encompassing equity, fixed income & money market instruments.


Rupees




o Faysal Balanced Growth FundFaysal Balanced Growth Fund (FBGF) is an open-ended mutual fund. FBGF

seeks to provide long-term capital appreciation with a conservative risk profile

and a medium to long-term investment horizon. FBGFs investment philosophy is

to provide stable returns by investing in a portfolio balanced between equities and

fixed income instruments. Financial facts from financial statement of June 30,




o Faysal Income and Growth FundThe prime objective of Faysal Income & Growth Fund (FIGF) is to provide

superior long-term risk adjusted returns by investing in a diverse pool of fixed


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income securities, including money market instruments; in particular, the aim is to

minimize interest rate risk through duration management and default risk through

portfolio diversification. Financial facts from financial statement of June 30, 2011





o Faysal Islamic Savings Growth FundFaysal Islamic Savings Growth Fund an open ended mutual fund seeks to provide

maximum possible preservation of capital and a reasonable rate of return via

investing in Shariah Compliant money market and debt securities having good

credit quality rating and liquidity. Financial facts from financial statement of June

30, 2011 are reported here in Rupees



o Faysal Money Market FundFaysal Money Market Fund an open end mutual fund seeks to provide maximum

possible preservation of capital and a reasonable rate of return via investing in

money market securities having good credit quality rating and liquidity. Financial




o Faysal Savings Growth FundFaysal Savings Growth Fund (FSGF) an open-ended mutual fund seeks maximum

preservation of capital and a reasonable rate of return via investing primarily in

money market and debt securities having good credit rating and liquidity.


Rupees

Net Assets Rs. 4,555,720,619



First Capital Investments Limited

o FIRST Capital Mutual Fund


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FCMF will seek to augment the wealth of investors through investments geared

towards securing maximum returns while simultaneously offsetting resultant risks

through efficient diversification across sectors with low correlation amongst them.


Rupees




Habib Asset management Limited

o First Habib Income FundFHIF is an income fund which mainly invests in high quality fixed income

securities like TFCs, Treasury Bills and Bank deposits in order to provide the

investors consistent returns by diversifying risks. Financial facts from financial

statement of June 30, 2011 are reported here in Rupees. Net Assets Rs. 1,251,463


Net Income 161,947

o First Habib Stock FundFHSF is an equity fund which aims at providing regular return to the investors by

investing in diversified portfolio of listed shares offering good dividends and

prospects of capital appreciation.Financial facts from financial statement of June

30, 2011 are reported here in Rupees.



Net Income 21,065

o First Habib Cash FundFHCF is a money market fund. The fund invests primarily in Govt. securities like

T-Bills. The fund will not take exposure in long term debt instruments. Financial



Net Asset Value 103.3Net Income 19,568

HBL Asset Management Limited

o HBL Income Fund Open end Income Fund


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To provide a stable stream of income with moderate level of risk byinvesting in fixed income securities/ instruments.




Net income 172,886

o HBL Stock Fund Open end Equity Fund To provide long term capital growth and income by investing in a

diversified pool of equities and equity related instruments. The fund will

also invest in short /medium/ long term fixed income securities as well as

in derivative, for hedging when it has a bearish view on the market.




Net income 194,208

o HBL Money Market Fund Open End Money Market Fund To seek high liquidity and competitive return for investors by investing in

low risk securities of shorter duration, with maturity up to six months, in a

manner that weighted average maturity of net assets of the fund is 90 daysor less.




Net income 328,491

o HBL Multi Asset Fund Open End Balance Fund To provide long term capital growth and income by investing in multiple

asset classes such as Equity, Equity related instruments, Fixed Income

Securities, CFS and Money Market.




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Net income 51,205

o HBL Islamic Money Market Fund Open end money market scheme To seek high liquidity, competitive return and maximum possible

preservation of Capital for investors by investing in low risk Shariah

Compliant securities.




Net income 5,724

oHBL Islamic Stock Market Fund

Open end equity scheme To achieve long term capital growth by investing mainly in Shariah

Compliant equity securities




Net income 4,073

IGI Funds Limited

o IGI Capital Protected Fund Open ended Benefits

Exposure to fast rising international commodity prices Capital Protection Diversification of your investment Professional fund management Tax Free Investments

o IGI Money Market FundThe IGI Money Market Fund (IGIMMF) seeks to provide a liquid investment

opportunity and generate returns above those of its peer group. The Fund will

invest primarily in the money market specifically in cash and near cash

instruments such as cash in bank accounts, treasury bills, money market

placements, certificate of deposits, certificate of musharika (COM), TDRs,


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commercial papers and reverse repos. The portfolio of IGIMMF will be

constituted ofAA rated instruments. Financial facts from financial statement of

June 30, 2011 are reported here in Rupees.

Net Assets Rs. 2,694,679,191



o IGI Income FundThe investment objective of the IGI Income Fund is to minimize risk, construct a

liquid portfolio of fixed income instruments and provide competitive returns.


Rupees




o IGI Stock FundThe IGI Stock Fund seeks long-term capital growth by investing primarily in a

diversified pool of equities and equity related investments. The equity stocks are

evaluated based on a combination of growth and value parameters. The best

companies are then chosen from each sector. Financial facts from financial





o IGI Islamic Income FundThe investment policy of the Scheme shall select instruments from within the

specified Shari'ah Compliant Authorized Investments and invest only in asset

classes mentioned in the Offering Document. Financial facts from financial





o IGI Aggressive Income FundThe Fund is currently in restructuring phase with all efforts focused towards

improving the liquidity, returns, and asset quality of the fund. This will be done

by reducing exposure in current TFC and Sukuk issues and redirecting it to better

and liquid avenues like government securities and high quality TFC issues, so as


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to improve the asset quality of the fund. Financial facts from financial statement


Net Assets Rs.721,726



JS Investments Limited

o Open End Funds Unit Trust Of Pakistan

UTP is a balanced fund that aims to preserve and grow investors capital

in the long term while providing a regular stream of current income on an

annual basis.

JS Income FundJS IF is a mutual fund that invests in high quality fixed income and moneymarket instruments to provide returns comparable to those offered by most

term deposits while ensuring daily liquidity like current or savings

accounts.

JS Aggressive Income FundJS AIF aims at generating current income on investments while

maintaining the prospects of capital appreciation by investing in a

diversified portfolio of money market and fixed income instruments.

JS Aggressive Asset Allocation FundJS AAAF is a dynamic asset allocation fund that aims to achieve superior

riskadjusted growth in investors capital over the long term.

JS Islamic FundJS ISF aims to grow investors capital in the long term in adherence with

principles of Shariah compliance as advised by the Shariah Advisory

Board (SAB) of this fund while ensuring liquidity.

JS KSE 30 Index FundThe main focus of the JS KSE 30 Fund is to approximate the performance

of KSE-30 Index, as adjusted for transaction and other costs, by investing

in most or all of the common stocks that comprise the KSE-30 Index in

proportions in which they are represented in the Index.

JS Principal Secure Fund I


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JS PSF I aim to combine a strategy of providing 100% security of initial

investment and the potential to beat term deposit returns through exposure

asset allocation strategy.

JS Large Capital Fund (Class A)JS LCF, after conversion into an Open-end Scheme that aims to benefit

from an attractive Capital Market in an economy with growth potential, to

maximize the total investment return consisting of a combination of

capital appreciation income.

JS Large Capital Fund (Class B) JS Cash Fund

JS CF is an open-end Money Market Scheme that mainly invests in low

risk short-term fixed income instruments including money marketinstruments to provide a regular and reasonable return to investors while

ensuring high liquidity.

o Close end funds JS Value Fund Limited

The fund maintains a mix of equities and debt instruments. Earnings

comprise of capital appreciation, dividend income, and interest income.

JS Growth FundThe main objective of JS GF is to enable the Certificate Holders toparticipate in a diversified portfolio of high quality equity securities listed

on the stock exchanges and to maximize the investment return, by prudent

investment management.

KASB Funds Limited

o KASB Income Opportunity Fund Open ended aggressive income fund KASB Liquid Fund seeks to target institutional and retail investors with

surplus liquidity and/or interim cash. Financial facts from financial statement of June 30, 2011 are reported here

in Rupees





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o KASB Stock Market FundKASB Stock Market Fund is an open-ended equity fund with the primary

objective to generate long term capital appreciation and income for investors from

a diversified portfolio of equity and equity related securities, allowing investors

further investments or redemption (full or partial) at any point in time. Financial




Net Income 22,220

o KASB Asset Allocation FundKASB Asset Allocation Fund (KAAF) (Formerly: KASB Balanced Fund) is an

open-ended balanced fund having 30%-40% portfolio in equity and equity related

securities while the remaining portion invested in fixed income instruments.

Financial facts from financial statement of June 30, 2011 are reported here inRupees



Net Income/ (loss) 31,260

o KASB Islamic Income Opportunity FundKASB Islamic Income Opportunity Fund (KIIOF) (Formerly: KASB Islamic

Income Fund) is an income fund purely based on Shariah principles with no direct

exposure to the stock market. For consistent income and liquidity, KIIF keeps

exposure in short term instruments, while a medium to long term exposure ismaintained to add growth to the portfolio. Financial facts from financial statement





o KASB Cash FundKASB Cash Fund (KCF) is an open-ended money market Fund, seeking to

generate reasonable returns consistent with low risk from a portfolio constituted

of high quality short term instruments including cash deposits and government

securities. Financial facts from financial statement of June 30, 2011 are reported

here in Rupees



Net Income 59,033


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o KASB Capital Protected Gold FundKASB Capital Protected Gold Fund (KCPGF) is a simple fund that aims to

protect investors capital upon maturity of the Fund i.e 2 years and is ideal for all

investors who want to take advantage of the growth in the value of Gold as an

asset class in Rupee terms. Financial facts from financial statement of June 30,




Net Income 41,916

o Crosby Dragon FundCrosby Dragon Fund was the first open end fund launched by Crosby Asset

Management (Pakistan) on December 15, 2003. Crosby Dragon Fund is an equity

fund that keeps the investors risk appetite in view and aims to optimize returns to

commensurate with the risk exposure. Financial facts from financial statement ofJune 30, 2011 are reported here in Rupees




o Crosby Phoenix FundCrosby Phoenix Fund is the second open end fund launched by Crosby Asset

Management (Pakistan) on April 2, 2009. The Funds primary objective is to

provide investors with a reasonable rate of current income along with the aim of

preservation of capital. Financial facts from financial statement of June 30, 2011are reported here in Rupees




o AMZ Plus Income FundAMZ Plus Income Fund (APIF) was launched on February 23, 2006 by AMZ

Asset Management Company Limited as an open end income fund. Financial






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Lakson Investments Limited

o Domestic funds Lakson Money Market Fund

The investment objective of the Lakson Money Market Fund is to provide

stable and competitive returns in line with the money markets, exhibitinglow volatility consistent with capital preservation by constructing a liquid

portfolio of low risk short term investments. Financial facts from financial


Net Assets Rs. 4,154,524,739



Lakson Income FundThe investment objective of the Lakson Income Fund is to provide

competitive total return through investment in a diversified portfolio of

fixed income securities. Investments will be made in a variegated mix of

short term, medium term and longer term maturities depending on the

assessment by the Investment Team of interest rate trends and prospective

returns. Financial facts from financial statement of June 30, 2011 are


Net Assets Rs. 1,006,199,775



Lakson Equity FundThe investment objective of the Lakson Equity Fund is to provide long-

term capital appreciation by investing mainly in equity and related listed

securities. Investments will be made in companies of substance, financial

strength and demonstrably superior management skills with some

exposure given to smaller capitalized value stocks. Financial facts from





o International funds Lakson Asset Allocation Developed Market Fund

The investment objective of the Lakson Asset Allocation Developed

Markets Fund is to provide long-term capital appreciation by investing in

a mix of domestic debt and developed markets securities.


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Lakson Emerging Market FundThe investment objective of the Lakson Asset Allocation Emerging

Markets Fund is to provide long-term capital appreciation by investing in

a mix of domestic debt and emerging market securities.

Lakson Asset Allocation Global Commodities FundThe investment objective of the Lakson Asset Allocation Global

Commodities Fund is to provide long-term capital appreciation by

investing in a mix of domestic debt and commodities.

Magnus Investments Advisors Limited

Magnus Investment Advisors Limited (Magnus or the Company) is a boutique

investment advisory firm based in Karachi, Pakistan. They offer portfolio management

services to institutional clients. We are incorporated as a Non Banking Finance Company

and licensed as an Investment Advisor by Securities and Exchange Commission ofPakistan (SECP).

UBL Funds Manager Limited

o Pakistan user Conventional schemes

UBL Principal Protected FundI UBL Liquidity Plus Fund UBL Government Securities Fund UBL Savings Income Fund UBL Growth and Income Fund United Stock Advantage Fund

Islamic schemes UBL Islamic Savings Fund United Islamic Income Fund United Composite Islamic Fund

o International user Conventional Schemes

UBL Liquidity Plus Fund UBL Government Securities Fund UBL Savings Income Fund United Growth and Income Fund United Stock Advantage Fund

Islamic schemes UBL Islamic Savings Fund


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United Islamic Income Fund United Composite Islamic Fund

National Asset Management Company Limited (NAMCO)

oNAMCO Balanced FundNBF is a closed-end balanced fund constituted under Non-Banking Finance

Companies (Establishment and Regulation) Rules, 2003. A balanced fund

theoretically provides stable income stream along with an equity upside potential.

A balanced fund has a greater potential to diversify risk by investing in different

asset classes, rather than just diversifying between instruments, as would be the

case in dedicated equity or dedicated fixed income funds. Financial facts from





o NAMCO Income FundNAMCO Income Fund (NIF) is an Open-end scheme which proposes to invest in

fixed income instruments with the objective to minimize risk, construct a liquid

portfolio of fixed income instruments and provide competitive returns. Financial





National Investment Trust Limited

o NI(U)T The core objective of NIT is to maximize returns for Unit holders, provide

a regular stream of current income through dividends, while long term

growth is achieved by the management of diversified portfolio and

investments into growth and high yielding equity securities.

It is an Open End Equity Fund and may invest in stocks listed on anystock exchange in Pakistan.






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o NI(U)T-LOC The core objective of NIT is to maximize returns for Unit holders, provide

a regular stream of current income through dividends, while long term

growth is achieved by the management of diversified portfolio and

investments into growth and high yielding equity securities.

It is an Open End Equity Fund and may invest in stocks listed on anystock exchange in Pakistan

Based on Quarterly report March 31, 2011 the financial facts areNet Assets Rs. 3,608,116


Net Income 135,741

o NIT-SEF The Objective of the Fund is to take advantage of market conditions and

acquire a selection of Eligible Stocks thereby creating an opportunity forinvestors to achieve superior returns.

It is an Open End Equity Fund. The Fund may invest in eight eligiblestocks.





o NIT-EMOF Objective of the Fund is to invest the Funds in Equity Market at a time

when the Management Company of the Fund has reasons to believe that

there is an opportunity to invest the fund in a gainful manner and such

investment is in the benefit of the Fund taking a long term perspective.

It is an Open End Equity Fund and may invest in 50 eligible stocks listedon Karachi stock exchange of Pakistan.




Net Income 405,634


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o NIT-GBF The primary objective of NIT - GBF is to generate best possible return

with minimum risk, for its Unit Holders, by investing primarily in the

government securities.




Net Income 304,765

o NIT-IF It is also an open end Income Fund. The objective of "NIT IF" is to

generate competitive stream of return with moderate level of risk for its

unit holders, by investing primarily in portfolio of fixed income securities

with weighted average time to maturity not exceeding four (4) years. Financial facts from financial statement of June 30, 2011 are reported here

in Rupees



Net Income 206,725

NBP Fullerton Asset Management Limited

o Money Market FundsNMMF is an open end Money market fund, with no direct or indirect exposure to

shares, TFCs, MTS and debt instruments. It provides safe and consistent returns

via investment in short-term T-Bills, bank deposits and money market

instruments.

o Shariah Compliant FundsNIMF is a Shariah Compliant open end Balanced fund. It seeks to provide long-

term capital appreciation with a moderate risk profile and a medium to long-term

investment horizon.

oIncome FundsNFSIF is an open end Income fund, with an objective of providing income

enhancement and preservation of capital by investing in prime quality Financial

Sector TFCs/Sukuks, Bank deposits and short-term money market instruments.


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Rupees




o Asset Allocation FundsNAAF is an open end Asset Allocation fund. It endeavors to provide investors

with an opportunity to earn long-term capital appreciation optimizing through

broad mix of asset classes encompassing equity, fixed income & money market

instruments. Financial facts from financial statement of June 30, 2011 are




Net Income 43,845

o Balanced FundsNIMF is a Shariah Compliant open end Balanced fund. It seeks to provide long-

term capital appreciation with a moderate risk profile and a medium to long-term

investment horizon. NIMFs investment philosophy is to provide stable returns by

investing in a Shariah Compliant portfolio balanced between equities and fixed

income instruments. Financial facts from financial statement of June 30, 2011 are




o Equity FundsNSF is an open end Equity fund. It would benefit Investors seeking higher growth

on capital with high risk exposure and availing tax benefits with the ease of

withdrawing money at their convenience. Financial facts from financial statement

of June 30, 2011 are reported here in Rupees.



Net Income 207,399


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Pak Oman Asset Management Company Limited

o Open ended funds POGSF

The investment objective of POGSF is to provide investor(s)competitive returns with low risk.

POGSF preserves capital of investors to maximum possible extentby investing primarily in Government securities.

It provides easy liquidity and attractive income to its UnitHolder(s).

It provides investor(s) with extremely low credit risk. The financial facts reported in the financial statement of 31st

December, 2011 are presented here



POAIIF The primary investment objective is to provide investors with

competitive current income and long term capital growth primarily

by investing in a diversified portfolio of shariah compliant

investment instruments, including shariah compliant securities

available for investments outside Pakistan, subject to applicable

laws.

Suitable for both individuals and corporate investors. Riba free attractive rates of return with minimum risk. Financial facts from financial statement of June 30, 2011 are




Net Income 31,773

POAAAF

The basic objective is to invest in equity securities, short term andmedium term fixed income securities.

The fund aims to generate competitive long term return for its unitholders.

Option to withdraw funds at any time.


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Financial facts from financial statement of June 30, 2011 arereported here in Rupees.



Net Income 28,575

POIAAF The primary objective is to provide investor with competitive

current income and long term capital growth by investing in

diversified portfolio of Shariah compliant investment instruments

including Shariah compliant securities available outside Pakistan

subject to applicable laws.

Option to withdraw funds at any time. Financial facts from financial statement of June 30, 2011 are



Net Income 24,096

o Close ended funds POAF

Is a closed end fund, established through a Trust Deed betweenPak Oman Asset Management Limited, the Management Company

and Central Depository Company of Pakistan Limited.

POAF has been developed with the objective of investing in highquality debt instruments of commercial banks. POAF will have a

limited life of 8 years, after which the fund will be wound down

and investors will be paid back

Financial facts from financial statement of June 30, 2011 arereported here in Rupees.



Net Income 111,133

PICIC Asset Management Company Limited

o Open ended funds PICIC Income Fund

To provide consistent returns to its investors through active investments in

a blend of short, medium and long term debt instruments, both within and

outside Pakistan. The fund aims to preserve capital while maximizing

returns through efficient utilization of investment and liquidity


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management tools. Financial facts from financial statement of June 30,

2011 are reported here in Rupees.



Net Income 187,633

PICIC Stock FundThe fund aims to provide investors a diversified equity portfolio with a

primary objective of maximizing risk adjusted returns over longer

investment horizon a combination of capital gains and dividend income.

Financial facts of half yearly financial statement is presented here




PICIC Cash FundThe investment objective of the Fund is to provide competitive return to

its investors through active investments in low risk portfolio of short

duration, while maintaining high liquidity. The Fund will aim to maximize

returns through efficient utilization of investment and liquidity

management tools. Financial facts from financial statement of June 30,

2011 are reported here in Rupees.



Net Income 44,460

o Close ended funds PICIC Growth Fund

PICIC Growth Fund (PGF) is a closed end scheme and its principal

business is to invest in listed equity securities with an objective to generate

capital growth. Financial facts from financial statement of June 30, 2011

are reported here in Rupees.




PICIC Investment FundFinancial facts from financial statement of June 30, 2011 are reported here

in Rupees.



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Net Income 599,794

PICIC Energy FundPICIC Energy Fund (PEF) is a closed end scheme and its principal

business is to invest in listed equity securities of energy sector with an

objective to capture significant return. Financial facts from financial

statement of June 30, 2011 are reported here in Rupees.



Net Income 284,030

Safeway Funds Limited

o Safeway Mutual Fund LimitedThe investment objective of the Fund is to provide its shareholders a vehicle forlong-term capital appreciation. The Funds seeks to achieve this objective through

investment primarily in high quality equity issues and b9999y diversifying across

sectors poised to gain the most from the prevalent macro-economic

trends. Financial facts from financial statement of June 30, 2011 are reported here

in Rupees.



Net Income 78,580

o Asian Stock Fund LimitedThe investment objective of the Fund is to provide its shareholders a vehicle for

long-term capital appreciation. The Funds seeks to achieve this objective through

investment primarily in high quality equity issues and by diversifying across

sectors poised to gain the most from the prevalent macro-economic trends. At the

same time the Company promotes measures to stabilize revenues by investing an

allowable portion of its assets in other non equity securities including listed

Fixed Income Securities and hybrid equity issues. Financial facts from financial

statement of June 30, 2011 are reported here in Rupees.


Net Income 84,308


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REFERENCES

1. http://www.ablamc.com/2. http://www.akdinvestment.com/3. http://www.almeezangroup.com/4. http://www.alfalahghp.com/alfalahghp/index.asp5. http://www.mcbamc.com.pk/6. http://www.investwithaim.com.pk/7. http://www.investwithaim.com.pk/8. http://www.atlasfunds.com.pk/9. http://www.bmafunds.com/10.http://www.faysalfunds.com/11.http://www.mcbamc.com.pk/12.http://www.fcil.com.pk/13.http://www.edawood.com/dcm/index.php14.http://www.habibfunds.com/15.http://www.hblasset.com/16.http://www.igifunds.com.pk/17.http://www.jsil.com/default.do?pId=018.http://www.kasb.com/funds19.http://www.li.com.pk/20.http://www.magnusinvestments.com/21.http://www.ublfunds.com.pk/22.http://www.safewayfund.com/23.http://www.picicamc.com/24.http://www.pakomanfunds.com/25.http://www.nafafunds.com/26.http://www.nit.com.pk/27.http://www.namco.com.pk/

Documents

Asset Management Companies